Quote:
Originally Posted by GregWeld
Yep -- Better lucky than smart.... I'm not very smart but I've had some very good luck!  |
AMEN Greg.. I am not smart enough to understand the paradox of thrift, or the kensian way of economics...Or am I ? I have been saving 20% of my pay for decades, and it seemed to work out great for me.
I see the out of control printing and spending that devalues our currency, as the problem. Not the individual who saves too much..
Also Luck is not blind luck.It is the meeting of opportunity and preparation..Leading to 2008, I would tell my Wife that a chance of a lifetime is coming. Bad for many, but good for those ready for what will happen..
All the preparation and Investing prepared me for that moment in time.
Sure I could have done better, but the mistakes I made in 2000, I did the exact opposite this time to great success..I am luckier than I am smart, but smart enough to use the luck when it presents itself.
